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Asia steps up crisis response

HONG KONG (Reuters) - South Korea resorted to a record interest rate cut and Japan called an emergency meeting after shares hit a 26-year low as Asian governments scrambled to prevent stricken markets from sucking economies into a global slump.

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Asia steps up crisis response

Asia shares fall on recession fears

HONG KONG (Reuters) - Asian shares fell on Monday, with Japan’s Nikkei briefly hitting its lowest intraday level since 1982, as investors feared fresh moves expected from central banks this week will not be enough to stave off a deep global recession.

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Asia shares fall on recession fears

Brown to defend surge in borrowing

LONDON (Reuters) - Prime Minister Gordon Brown will defend a surge in government borrowing and call for tighter regulation on financial instruments such as credit default swaps in a speech on Monday.

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Brown to defend surge in borrowing

Hungary and IMF agree on rescue package

WASHINGTON (Reuters) - Hungary has reached agreement with the International Monetary Fund and European Union on a broad economic rescue package, including substantial financing, to stabilise its economy rocked by the global financial crisis, the IMF said on Sunday.

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Hungary and IMF agree on rescue package

Debt-free Zara looks beyond pain in Spain

ARTEIXO, Spain (Reuters) - Retail sales in Spain are down around six percent and the textile industry has lost 70,000 jobs since last year, but investors can retain some hope for Spanish clothing retailer Inditex.

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Debt-free Zara looks beyond pain in Spain

House prices fell 7.3 percent in October

LONDON (Reuters) - English and Welsh house prices fell by 7.3 percent in the year to October, with the pace of decline accelerating to take prices back to their lowest since March 2006, property consultancy Hometrack said on Monday.

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House prices fell 7.3 percent in October

Brown defends surge in borrowing

LONDON (Reuters) - Prime Minister Gordon Brown will defend a surge in government borrowing and call for tighter regulation on financial instruments such as credit default swaps in a speech on Monday.

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Brown defends surge in borrowing

London bourse begins search to replace CEO

NEW YORK (Reuters) - London Stock Exchange Group has hired a recruiting firm to find a successor to its long-time chief executive, Clara Furse, media reported.

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London bourse begins search to replace CEO

Recession fears haunt markets

NEW YORK/LONDON (Reuters) - Investors anxiously awaited Monday’s reopening of Asian markets after last week’s dramatic worldwide slide in stock prices and currency collapses on increasing fears of a deep global recession.

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Recession fears haunt markets

Fears of recession to hound markets

NEW YORK/LONDON (Reuters) - Investors anxiously awaited Monday’s reopening of Asian markets after last week’s dramatic worldwide slide in stock prices and currency collapses on increasing fears of a deep global recession.

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Fears of recession to hound markets